NN42 Accounting and Management : Accounting Policy

Task:

Fiscal year 2020 refers to the 52 weeks starting in February 1, 2019 and ending in January 31, 2020.
Unless, otherwise stated, the amounts are in thousands.
Calculation:
a)How much cash did the company collect from its sales over the 2020 fiscal year? 
b)How much cash did Zoom spend in obtaining customer contracts in fiscal year 2020?
c)Assume that instead of capitalising the costs of acquiring new customers, Zoom had used the accounting policy of expensing these costs as incurred. What would be the effect of such an accounting treatment on the following items (state your answer as higher by…, lower by…, the same): (Show the process)

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